4 years ago

PawaPay Secures €7.6 Million Seed Funding to Expand Mobile Money Payments in Africa

  • PawaPay, a UK-based payments company focused on Africa, has raised €7.6 million in a seed funding round to expand its operations, hire talent, and enter new markets

  • The round was led by 88mph and MSA Capital, with participation from Zagadat Capital, Kepple Ventures, and Vunani Capital

  • PawaPay's platform enables businesses to accept payments via mobile money, which is a popular payment method in Africa.

      • ProblemFinancial Services

      "Making payments in Africa is difficult for businesses because of the high number of unbanked individuals and the complex mobile money infrastructure."

      Solution

      "PawaPay provides a simple API that allows businesses to accept payments from mobile money accounts in Africa, simplifying the process and making it easier for businesses to operate in the region."

      Covered on